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Participants More Question 2 You intend to purchase a 2-year bond. The bond has a $3,500 face value and coupon payments are quarterly. Coupon rate

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Participants More Question 2 You intend to purchase a 2-year bond. The bond has a $3,500 face value and coupon payments are quarterly. Coupon rate of this bond is 6%. Market interest rate is 4 percent, what is the duration of the bond (in terms of quarters)? (Answer is rounded) Your answer: O 7.25 o 7.61 7.04 O o 6.79 6.38 o

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